Invesco prices $506.44 million CLO; Investcorp brings deal; NewStar, Triumph eye 2016 CLOs

By Cristal Cody

Tupelo, Miss., April 5 – Invesco RR Fund LP and Investcorp Credit Management US LLC tapped the CLO primary market with new issues.

Invesco priced a $506.44 million broadly syndicated CLO.

Investcorp Credit Management sold $455.2 million of notes in its broadly syndicated offering.

Meanwhile, NewStar Financial, Inc. priced a $380 million refinancing of a vintage 2016 middle-market CLO.

Triumph Capital Advisors, LLC also plans to refinance $350 million of notes from a 2016 CLO deal.

CLO managers have priced more than $28 billion of new issue CLOs and more than $9 billion of refinanced CLOs year to date, according to market sources.

In other action, outflows from leveraged loans moderated to $460 million for the week ended April 3 from $1.26 billion in the previous week, according to a BofA Merrill Lynch report released on Friday.

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